I don´t know if this indicator was posted before but I think is very interesting.


Greetings ..!!

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parabolic.GIF (14.7 KB, 1555 views)

Attached Files

^X_Parabolic.mq4 (11.9 KB, 608 views)

How many pips you put your stop loss ?

Thx

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Forex Indicators Collection

It´s just one indicator not a Trading System . You have to use your own exit and stop strategy .(Psar, atr reach, etc). Use with others indicators for your entrys.

Regards..!!

Mistico

Interesting, thanks for sharing

__________________
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can someone code an histogram of parabolic channels slope? (example slope up: green bars; slope down: red bars)

it would be an indicator like ShiChannelSlope that could help us to visually backtest the behaviour of the parabolic channels

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Thanks for sharing the indicator mistico. This indicator is like shi-channel with additional parabolic thing, which is new to me Nice one


Cheers,

re: Extended Regression StopAndReverse
http://codebase.mql4.com/ru/1059

Here is the presentation of X-Parabolic in Bar. It could be used to show thrend direction. Well ... hope it could be usefull

Cheers,

Attached Images

xparabolicbar.gif (14.6 KB, 1087 views)

Attached Files

^X_Parabolic_BAR.mq4 (9.1 KB, 373 views)

It looks nice and colorful on chart , can some one explain how this can be used in trading?

The author has written something there in Russian, i have tried it to translate it with the help of google.

Eill someone come forward and explain its use pl?


What author have written is copied below from google >
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When launching taymfreym indicator automatically detects, counts two types of regression in the current time frame, and calculates the mean square deviation at this price range. First and foremost is important to us straight gold line - first-degree regression line showing the direction and the true state of the current trend in the selected time frame. It is clear that the more the angle from the horizontal, the stronger the trend. Thus, we are able to make some conclusions about the state of the currency pair on the current location of the regression line on prices. For example, in the general case, when the beam upstream, and the price is below a beam, said that the recent correction shallow end, and we should expect the price of natural transition in the field of a beam above the regression in the continuation of the trend.

At some distance from the gold lines are parallel support and resistance to the trend. They are located respectively below and above the trend. This - the actual linear threshold levels, as they are built on the values of the mean square deviation to obschityvaemom range with the corresponding coefficient Fibonacci.

Using the mean square deviation value ratios and Fibonacci indicator on special significance adaptive algorithm calculates levels of "stop" and "stop / turn" to the current price. These levels can be interpreted as a momentary deviation limits on temporary station last bar. These values are displayed multicolored dots above and / or below the price in accordance with the state of the currency pair. Points blue shades otrisovyvayutsya lower prices, better of them - a "stop", a dark - "stop / turn." Points red hues otrisovyvayutsya higher prices, and also indicates the level of the foot and turning. For any value at any price bar indicator always shows only two levels of instantaneous values, rather than all four. This helps draw the appropriate conclusions on the state of the trend. An important detail - if true probitii one or two levels at once footsteps when bar closing price goes beyond the appropriate level indicator to reverse this development reflects the values of instantaneous - say, if it were up to penetration resistance levels, after penetration indicator instead draws them instant levels of support . Thus, if you see the reverse - it is at least a short-term change in trend for small correction.

For a given regression coefficient is calculated and will see a non-linear channel, which is required to predict the immediate future, and also performs the same role as a linear channel, that is, display of real levels of support and resistance, but nonlinear and dynamically changing over time. The default rate parabolic regression, that is 2.


The interpretation of the testimony is relatively simple indicator:
-- Assume channel nonlinear regression loop and gold crosses the line rising trend downwards. This signal exhaustion - should expect correction, or even a change of trend. If she crosses it from the bottom up - that the signal strength rising trend. When dauntrende all of the other way around. Also need to switch to the senior and junior taymfreym and see the situation there.



Intersection of price support or resistance lines:
-- If the price for resisting vyprygnula aptrende should expect its return to the channel, but that does not necessarily close their warrant. If the price jumps for support in aptrende should expect a strong correction, if it probivaet both levels stop / bifurcation. For better understanding of the situation must also take into account the state of the channel on the gold trend-lines, and testimony at the neighbouring time frames. Accordingly, in all dauntrende vice versa.


All channels dynamically re repainted and with every new bar, depending on the current market situation. Despite a rather complicated mathematics indicator absolutely no processor loads and requires no special computer resources.

Input parameters:
_RegressionDegree - the degree of nonlinear regression; reasonable value - 2 or 3.
_K_DeviationChannel - multiplier to the deviation (Fibonacci ratio is not!); allows to set the multiplier to the deviation, appropriate to value - 2, but anyone can be a useful value 3.


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Hope some one will help.